Juan Richard

Juan, who is 19 years old, has an automobile lube workshop. He lives in an urban area called “Las Orquídeas” (The Orchids). It got it name because when it was discovered, there where many orchids there.

He began working as a lube technician in an auto repair workshop, but for a lack of opportunities there he decided to open his own lube shop, since he enjoys that profession. Little by little, and with a good deal of effort, he has been able to build up a clientele and earn enough money to support his daughter. He now works from 8:00am to 6:00pm.

With the loan, he wants to purchase automobile lubricants and oils to be able to give better service to his customers. In the future, he wants to have an automobile service company.

Additional Information

About Banco D-MIRO

Banco D-MIRO is a microfinance institution that serves the most vulnerable sectors of Ecuador’s economy. It offers very small loan sizes without requiring collateral, expanding access to borrowers who would not otherwise be able to access capital to start and grow their own businesses. It also specifically targets borrowers who are excluded from formal financial systems due to race, ethnicity, gender, disability or illness.